Review on Nano by Fanuel PORPORTY
A cryptocurrency with no transaction fees
Nano is a cryptocurrency that aims to improve transactions. It seeks to make transactions instant, free of charge and infinitely scalable. The idea for Nano is to become a real alternative to fiat by using an improved Bitcoin code and by eliminating its weak points such as: high energy consumption,
high transaction costs and relatively long transaction time.
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Thus Nano claims to be able to carry out transactions in less than 2 seconds. This would make Nano the fastest cryptocurrency ahead of Ripple! With the ability to manage nearly 10,000 transactions per second, this cryptocurrency is promising.
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According to Nano, transactions do not consume energy. A Bitcoin transaction would be equivalent to 1.3 million transactions with Nano.
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- No more block size problem
- universal block that allows you to easily know your balance
- se adapted to micro-payments due to non-existent costs
- Running a node costs nothing!
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Pros
- The Nano system makes use of an innovative architecture that works on the DAG algorithm. The latter ensures the speed and security of transactions.
Cons
- As the security level is not at its highest level, the risk of hacking is always present. Besides, the Nano network has already been the victim of a hack where 17 million Nano were lost.
